An appraisal provides an unbiased estimate of a property’s market value. Lenders, homeowners, and buyers use it to make informed decisions about financing, refinancing, or listing prices. It also helps settle matters like estate planning and divorce settlements fairly.

While timelines vary, most appraisals are completed within one to two weeks. This includes scheduling an on-site visit, inspecting the property, and finalizing the detailed valuation report. Complex properties or unique market conditions may require more time.

Key considerations include location, property size, condition, and recent sale prices of comparable homes in the area. Upgrades or improvements—such as renovated kitchens or updated systems—can also positively influence your property’s appraised value.